To be clear I am not saying short at this very moment, I am saying do your own reserach and scale in shorts when you feel comfortable, we could still pump alot...i just think this divergence is telling us we are close to a local top AT LEAST.
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to be honest this xrp short has been one of the easiest of my crypto career so far, xrp such a weak scam coin even when compared to all the other scam coins out there. XRp main funciton in PND to funnel money into the less volatile ponzi of bitcoin. first target is confluence of .786 and purple line
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WOW! what another excellent (and super easy) call!. Guys just wait for good setups like these, dont over trade and you will be ok....Most of these alts are going to zero so short the spikes and look for divergence as entry spots...and make sure you convert your digital coin into real money before it goes to zero!
you do realize that a divergence signals a reversal not a continuation? in this example you have a lower price with a higher strength signaling a rise not a fall. good find though =) just eyeballing but looks like there is a divergence also that started late july with a rising rsi and a falling price guess we saw the result of that
TEXAGG22
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@Aris_Rising, I believe XRP will be less than 1 cent within a couple years....this seems like a good short to me :)
Aris_Rising
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@TEXAGG22, I couldnt disagree more on your price prediction but thats beside the point. was only trying to help you with your understanding of what a divergence is thats all. best of luck
blacksea00
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@TEXAGG22, If you use an exchange from first day of XRP this is the target.. 0.01.. once this Right Shoulder is completed and breakdown...